## Math Problem Statement

The band is breaking up and Rob, Sue, Tim and Vito each want the tour bus. Using the method of sealed bids, Rob bids $4300, Sue bids $5900, Tim bids $3500, and Vito bids $6200 for the bus. Since Vito's bid is the highest, he gets the bus and has to compensate the others to make the division fair. How much money will Rob get from Vito? Be sure to compute your answer to the nearest cent.

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Sealed Bids Method

Fair Division

Proportional Distribution

### Formulas

Total Bids = Sum of all individual bids

Fair Share = Total Bids / Number of participants

Compensation = Fair Share - Individual Bid

### Theorems

Fair Division Principle

### Suitable Grade Level

Grades 9-12

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